**Breaking News: SEC Clears Path for Ether ETFs**

The SEC has given the green light to asset managers for launching Ether exchange-traded funds (ETFs). According to Bloomberg's Eric Balchunas, issuers must submit final S-1 filings by July 16, aiming for a July 23 launch. These filings will detail the fees for the new crypto funds.

Key players like BlackRock, Grayscale, Fidelity, and ARK 21Shares are in the race. Notably, ARK and Fidelity have removed staking from their plans to address regulatory concerns.

Fee structures vary, with Invesco and Galaxy at 0.25%, and VanEck and Franklin Templeton at 0.20% and 0.19%, respectively. This is much lower than Grayscale’s 2.50% for its Ethereum Trust.

Analysts predict Ether ETFs could attract up to $10 billion in new investments, following a pattern similar to Bitcoin ETFs. Ether's price is currently up 6.1%, trading at $3,394.